Originally published midyear 2021 by Marcus & Millichap.

Broader recovery fortifies a positive outlook. Resilient during the health crisis, the medical office segment is in a position of strength. Demographic trends and an anticipated boost in health services are positioned to foster long-term tenant demand that will bolster investor confidence in the sector. Shorter-term, the full-scale reopening of most states’ economies and widespread vaccination efforts have laid the foundation for a broad economic recovery that will fuel continued employment growth in the second half of this year. The expiration of enhanced unemployment benefits in September and many states’ plans to terminate the allowance prior to the deadline have the potential to motivate more individuals to obtain work. Furthermore, the reopening of schools this fall should further aid employers when filling open positions during the final third of the year. The resulting employment growth will raise the number of commercially insured households, lifting health spending and the number of medical visits. Together these factors will fuel health-related hiring and supplement demand for medical office space.

Originally published on July, 2021,  by Brian Fluhr for Veros.com.

Today Veros Real Estate Solutions, an industry leader in enterprise risk management and collateral valuation services, released its Q2 2021 VeroFORECASTSM data that anticipates home prices will continue to appreciate at high levels during the next 12 months in the 100 most-populated markets at a rate consistent with our previous update one quarter ago. Veros is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, social, and geographic variables as they pertain to home value. This data-driven approach indicates that many of the top-performing cities are trending upwards at a double-digit rate. 

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Originally published on July 6, 2021 by Beth Mattson-Teig for WealthManagement.com.

Although the pandemic caused tenants in other real estate sectors to hit the brakes on a new leasing, that was not the case in industrial. The industrial market saw a robust year of leasing activity in 2020 that has carried over into 2021. According to Cushman & Wakefield, net absorption for 2020 reached 268.4 million sq. ft., surpassing the 240.9 million sq. ft. reported at year-end 2019 by 11.4 percent. Demand roared into the first quarter with 82.3 million sq. ft. of net absorption—a record high for the first quarter. Cushman & Wakefield also reported a healthy national average vacancy rate of 4.9 percent and annual rent growth of 7.8 percent.

Originally published on July 6, 2021, for the Mortgage Bankers Association.

The Consumer Financial Protection Bureau this week issued a report highlighting legal violations identified by the Bureau’s examinations in 2020. The report also highlights prior CFPB supervisory findings that led to public enforcement actions in 2020 resulting in more than $124 million in consumer remediation and civil money penalties.

Join NCAI’s Metrolina Branch Chapter this Friday for a volunteer event with Crisis Assistance Ministry. Help give back to the Charlotte community by volunteering to help sort clothes and donated household items for families in need. Volunteers need to be age 11 and over. This event will require standing. Please wear comfortable, closed-toe shoes and dress appropriately for a warehouse environment.  

• Where do you live and who do you work for?
  Wilmington, NC – Ingram & Company, Inc.

• How long have you been appraising?
  30 years

• Who was your supervisor as a Trainee and how did you meet them?
  John Hooton, MAI – I walked into his office and asked for a job.

• What is the most unique property you’ve appraised?
  Bald Head Island Ferry Terminal

• What is a fact about you, outside of work-life, that people would be surprised to know?
  I like to rebuild classic cars.

Originally published on July 1, 2021, for Freddie Mac.

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.98 percent.

Originally published on June 30, 2021 for Freddie Mac.

A new white paper pdf from Freddie Mac (OTCQB: FMCC) Multifamily studies the impact of the end of eviction moratoriums and role of rental assistance as the nation recovers from the economic impact of COVID-19. As eviction moratoriums and renter protections lapse, Freddie Mac is encouraging renters and property owners to proactively understand and seek available rental assistance to help mitigate the remaining economic challenges as the country emerges from the pandemic.

Originally published on June 30, 2021, for the Federal Housing Finance Agency.

​Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released a set of new and expanded statistical products from the National Mortgage Database (NMDB®). FHFA expanded the national statistics for new residential mortgage originations to include monthly, quarterly, and annual series for home purchase and refinance mortgages in all major market segments. FHFA also added a new series of national and state-level statistics for outstanding residential mortgages and an expanded series of national mortgage performance statistics for different market segments.

Originally published on June 28, 2021, by Ben Unglesbee for The Retail Dive.

Dive Brief:

• For the first time in 2021, store closures have declined year over year, according to an emailed report from Coresight Research.
• The firm tracked 4,626 closures so far this year, 5.7% fewer than last year at this time. Leading retailers in closures so far is Christopher & Banks, which liquidated its physical footprint in bankruptcy this year. Another recent retail bankruptcy, Francesca's, closed 342 stores, a significant chunk of its footprint.
• Openings to date stand at 4,311, a 41.8% increase over the same period in 2020. The runaway leader in openings is Dollar General, with 1,035 new stores this year, followed by Dollar Tree with 393 openings.

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Originally published on June 23, 2021, by Jessica Gresko for APNews.com.

WASHINGTON (AP) — The Supreme Court on Wednesday gave the president greater power to fire the head of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, ruling that the agency’s structure violates the separation of powers principles in the Constitution.

Originally published on June 23, 2021, by Jessica Gresko for APNews.com.

WASHINGTON (AP) — The Supreme Court on Wednesday gave the president greater power to fire the head of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, ruling that the agency’s structure violates the separation of powers principles in the Constitution.

Originally published on June 24, 2021, by Rebecca Hersher for NPR.org.

More than half of the buildings in the contiguous U.S. are in disaster hotspots, a new study finds. Tens of millions of homes, businesses and other buildings are concentrated in areas with the most risk from hurricanes, floods, wildfires, tornadoes and earthquakes.

Originally published on June 30, 2021, for the Appraisal Institute. 

The Appraisal Institute Board of Directors on June 28 sent to 45-Day notice proposed amendments to Bylaws and Regulation Nos. 1-4 concerning Audit Committee Powers and Duties, the Candidate for Designation Program and Life Status and Designated Member Readmission.

Originally published on June 28, 2021, the Consumer Financial Protection Bureau.

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized amendments to the federal mortgage servicing regulations to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out and which will help protect mortgage borrowers from unwelcome surprises as they exit forbearance. The amendments will support the housing market’s smooth and orderly transition to post-pandemic operation. The rules issued today will establish temporary special safeguards to help ensure that borrowers have time before foreclosure to explore their options, including loan modifications and selling their homes. The rules cover loans on principal residences, generally exclude small servicers, and will take effect on August 31, 2021.

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Registration Now Open!
2021 Real Estate Valuation Conference is on Sept 2

NCAI's 2021 Real Estate Valuation Conference (REVC) will be held on September 2, 2021, held via Zoom. This year’s conference will spotlight the appraisal industry’s current critical focus areas in real estate valuation.

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Originally published on June 16, 2021, by Michael Tucker for the Mortgage Bankers Association.

U.S. companies have scaled back their plans to make big cuts to their office portfolios and many now expect their offices to support “collaborative” work in person rather than remotely, said CBRE, Dallas.

Originally published on June 16, 2021, by Michael Tucker for Mortgage Bankers Association.

U.S. commercial real estate investment increased in April, but not all pandemic-related problems are in the rearview mirror, reported Real Capital Analytics, New York.

Originally published on June 16, 2021, by Wesley Shaw for the National Association of Realtors.